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Overview
This unique opportunity presents the chance to acquire the entire complex of 9 townhouses located at 10-14 Redgum Way, Morley WA. Situated on a substantial 2000 square meter block, this fully leased property offers immediate rental income with minimal vacancy risk, making it an attractive investment with strong underlying land value and potential for future growth.
The complex comprises a variety of townhouse configurations, including one two-storey townhouse with 5 bedrooms and 2 bathrooms, one single-storey townhouse with 3 bedrooms and 1 bathroom, and seven two-storey townhouses each featuring 2 bedrooms and 1 bathroom. The property includes on-site parking facilities for residents and was constructed in 1985. Additionally, the complex is connected to the NBN, ensuring modern connectivity for tenants.
All leases are on a 100% periodical tenancy basis, providing instant cash flow from day one. Ownership of the entire asset means there is no strata or body corporate, granting total control to the owner. This combination of immediate income and long-term capital growth potential makes this a rare and strategic holding in the Morley area.
The location offers unbeatable convenience with a range of nearby amenities. Educational institutions within close proximity include Beechboro Primary School (2.4 km), Good Shepherd Catholic School (2.9 km), and Kiara College (1.37 km), among others. Shopping and grocery options are readily accessible, with Altone Park Shopping Centre just 1.2 km away, Coles Beechboro at 3.1 km, and the Galleria Shopping Centre and Coventry Markets Morley at 5.2 km.
For lifestyle and leisure, residents can enjoy the Old Perth Road Café and Dining Precinct located 5.8 km away, as well as the renowned Swan Valley food and wine region at 11.8 km. Public transport options are convenient, with a bus stop on Beechboro Road near Beechboro Central Shopping Centre only 800 meters away, Noranda Train Station at 1.3 km, and Morley Bus Station at 5.9 km. The property also benefits from easy access to the Perth CBD (11.8 km) and the airport (approximately 9.9 km).
This offering is ideal for investors seeking a fully leased, well-maintained complex with diverse townhouse options and strong rental returns in a prime location. The combination of size, tenant stability, and location provides a compelling investment proposition with both immediate and long-term benefits.
Disclaimer: The information provided is for general purposes only and is based on details supplied by the seller. It may be subject to change, and no warranty or representation is made as to its accuracy. Interested parties should conduct their own independent enquiries to verify all information.
Local Market Insights
In Perth - North West, Quiet Listings observed 24 new townhouses entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $1,005,875. The property type mix of listed properties is predominantly Houses at 70%, followed by villas (7%), and land (6%). Haiven Property was the most active agency in this area, representing 16.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $640,000 | |
| EOI |
Location
Morley WA 6062
Market Insights for Morley WA 6062
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